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Office Investment in Memphis Set Post-Recession Record in 2019

CoStar Insight: Renewed Focus on High-End Assets Drives Pricing Higher

International Paper IV tower in Memphis, Tennessee, sold in December 2019 for $76.4 million. (CoStar)
International Paper IV tower in Memphis, Tennessee, sold in December 2019 for $76.4 million. (CoStar)

With more than $300 million of transactions, office investment in Memphis, Tennessee, set a post-recession record in 2019. Although the number of transactions failed to set a record, average pricing continued to increase as investors bought up nearly 10% of Memphis’ high-end stock.

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